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Originally posted by leo123
Basically what this chart is telling us is that unless there is a "V" shaped recovery in EARNINGS, the market will easily dump 30% to 50% in relative short order, from an historical point of view.
Even if earnings on the S&P 500 co's STABALIZE (earnings are still in a free fall) at $40 we should at least see a minimum 30% decline from here.
For what it's worth.